Stena Line acquires stake in Moroccan ferry operator

Morocco Sun, a Ro-Pax ferry operated by Africa Morocco Link

Stena Line has entered an agreement to acquire 49 per cent of the shares in Morocco-based ferry company Africa Morocco Link (AML). AML is headquartered in Tangier and operates a ferry route between Tanger Med and Algeciras. This summer, the company will also launch a new high-speed route between...

https://www.bairdmaritime.com/work-boat-world/passenger-vessel-world/ro-pax/stena-line-acquires-stake-in-moroccan-ferry-operator/

Boluda Towage acquires Gibraltar tug operator

Boluda Towage Europe has confirmed its acquisition of the towage and salvage company Resolve Salvage and Fire (Gibraltar). The company is owned by Florida-based the Resolve Marine Group. In addition to providing towing and salvage services, it also specialises in engineering and maintenance...

https://www.bairdmaritime.com/work-boat-world/tug-and-salvage-world/harbour-tugs-and-operation/boluda-towage-acquires-gibraltar-tug-operator/

DFDS acquires Strait of Gibraltar ferry operator

Danish shipping line DFDS has entered into an agreement to acquire FRS Iberia/Maroc, a Spanish division of German short-sea ferry company FRS. The acquisition of FRS Iberia/Maroc expands DFDS’ Mediterranean route network through the addition of three short-sea ferry routes across the Strait of...

https://www.bairdmaritime.com/work-boat-world/passenger-vessel-world/ferries/dfds-acquires-strait-of-gibraltar-ferry-operator/

CMA CGM Builds Med Terminal Footprint

CMA CGM Group builds up its terminal footprint position in the Mediterranean through an equity stake in the TTIA container terminal in Algeciras, says a press release published on their website.

TTIA port terminal

The CMA CGM Group announced that its CMA Terminals subsidiary has acquired a 50% interest minus one share in Spain’s Total Terminal International Algeciras (TTIA) port terminal.

Strategic investment

This is a strategic investment strengthening the Group’s positions in the Strait of...

https://mfame.guru/cma-cgm-builds-med-terminal-footprint/

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